NYC College First In U.S. To Accept Bitcoin For Tuition
King’s College a Christian liberal arts school in New York City, announced on Friday that it has entered into an agreement with Coin.co, making it the first accredited college in the United States to accept Bitcoin for “tuition, other expenses, and donations.” The college’s president, Dr. Gregory Alan Thornbury, said in a statement, “Allowing Bitcoin to be used to pay for a King’s education decreases our costs while simultaneously allowing our students to be a part of this exciting new technology.” Coin.co, unlike most credit card companies, does not charge a transaction fee, so using the emerging payment technology could be a money saver. Two other institutions — the University of Nicosia in Cyprus and the UK’s University of Cumbria — already accept Bitcoin for tuition.
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